Standard Form Fixed Price Contract.pdf

This is a standard fixed price construction contract template used by the Walker County Board of Education in Georgia for construction projects. The contract establishes terms between the Walker County Board of Education and contractors, requiring contractors to provide all labor, materials, equipment, and services necessary for construction projects. The contractor must submit payment requests by the 5th day of each month, maintain project schedules using CPM (Critical Path Method), and achieve substantial completion by dates specified in individual projects.

The contract requires contractors to maintain comprehensive insurance coverage including workers' compensation, general liability ($1-2 million per occurrence), automobile liability ($1 million), and umbrella coverage based on contract value ranging from $1-10 million. Liquidated damages for delays are structured on a sliding scale based on contract price, ranging from $50-$3,500 per day or 0.0002 times the original contract price for projects over $20 million. The contractor must provide performance and payment bonds equal to the contract price, and maintain detailed project records for at least 6 years after completion. The contract includes provisions for change orders, dispute resolution through mediation, and termination rights for both parties.